Bitcoin casinos

Just as Europe has the Euro, the United States have dollar, China has Yuan, the internet now has its own currency – crypto currency named Bitcoin.

When offline we have to use a particular currency depending on the country of residence, the Bitcoin users can provide payments to each other within seconds, to any country and with extremely small fees. In fact, the fee for each transaction (regardless the amount) is just about 0,05 US cents. No wonder there is a saying, that crypto currency is a free choice of free people. Crypto currency is also of interest to investors. For example, back in 2013 within 1 month Bitcoin increased its price from $ 200 to as much as $ 1 000 for a single Bitcoin! And now let’s learn details about Bitcoin online casinos, the general technical properties of crypto currency, advantages and disadvantages for the players.

What is Bitcoin

Basically, Bitcoin is virtual money. It is the first crypto currency, electronic money, which was created by an unknown programmer (or a group of programmers) under the pseudonym Satoci Nakamoto. This happened in 2009. It was he or they who came up with the specific algorithm and the term “Bitcoin”. Nobody knows where this man (or a group of people) is and what his name is in the real world. He created not only the program but also a special application – purse on your PC containing crypto currency Bitcoin.

Cryptocurrency Bitcoin has the basic functions and properties of conventional money, inluding:

Being the means of exchange;

The means savings;

You can pay for things with it.

However, Bitcoin is crypto currency. Wikipedia describes Bitcoin in the following way: it is a type of digital currency, or crypto currency. Its emissions and accounting is based on different encryption methods. But the operation takes place in a decentralized computer networks.

How Bitcoin casinos work

Tired of earning Bitcoins? May be it is time to spend some with pleasure! At a Bicroin online casino you will be able to play your favorite games from Microgaming, Playtech, RTG and other developers any time you want. Any place too, because there are dozens of online slots, table games and other games available for the mobile devices. Basically, iOS Bitcoin casinos and Android Bitcoin casinos are almost as good as their laptop versions. The best thing is that you can not just play, but also win!

At Bitcoin online casinos you will not have to wait for payouts. Many casinos that accept this online payment solution also allow withdrawing money with its means. So there will be no long waiting for your jackpot money to be transferred to your Bitcoin account. All the top trusted casinos have been double-checked and they really provide payments! Feel free to choose the casino you prefer, make the deposit and start playing. But do not start with big bets right away, better make small bets at first.

How to earn Bitcoins

Unlike with other online payment solutions that are linked to real money in one way or another and so must be connected to real bank accounts, Bitcoins do not necessarily work this way. Of course, you will have Bitcoin wallets where they are stored. But there are also other ways to gain Bitcoins, for example:

Online casino players can simply buy Bitcoins.

They can use the special Bitcoin exchange sites (but please be careful to only visit secure and trustworthy resources).

Use the online Bitcoin stock exchanges.

Earn Bitcoins by selling goods or providing services online.

And finally, you can earn Bitcoins by giving some of your laptop’s or PC’s memory to Bitcoin mining.

As you can see, this solution is not some sort of mediator and the only one that can be earned by means of maintaining activity online.

FAQ (periodically updated)

How numerous are Bitcoin casinos nowadays?

It is hard to say just how many online casinos accept Bitcoins, because their number keeps steadily growing. All we can be positive of is that many US online casinos accept this payment solution.

Can I withdraw with Bitcoins?

Yes, some casinos do allow withdrawing with Bitcoins.

Is Bitcoin a perfectly safe online payment method?

Yes, as a payment method Bitcoin is perfectly safe. But due to its changing exchange rates, buying Bitcoins can be really risky.

What is the future of Bitcoin casinos?

This is one other difficult question. Because Bitcoin is not actually a currency in terms we are all used to see a currency and its price compared to US dollars, Euros, etc. keeps changing – the future of this payment solution is really hard to predict. Some say that it will change our world, while others believe that it is yet another project with no real future. It is up to our readers to decide which camp they are willing to join.

cPaymentMethods.com is an independent site that contains complete information on the payment systems used by online casinos. Here you will find just the information you were looking for on how to make the deposit or to withdraw the money you have won.